The net price equivalent rate, single equivalent discount rate, trade discount and net price for the given data.

Question

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Answer 1

Question

Chapter 7, Problem 1ECP

To determine

The net price equivalent rate, single equivalent discount rate, trade discount and net price for the given data.

Expert Solution & Answer

Answer to Problem 1ECP

The net price equivalent rate is 0.9603, single equivalent discount rate is 0.0397, trade discount amount is $31.72 and the net price is $767.28.

Explanation of Solution

Given:

The list price is $799.

The chain discount is $3/1$ .

Formula used:

$Trade discount amount=List price×Single equivalent discount rate$

$Net price=List price× Net price equivalent rate$

Calculation:

The chain discounts are 3% and 1%.

Hence, the complement of 3% chain discount is $100%−3%=97%$ and the complement of 1% chain discount is $100%−1%=99%$ .

Calculate the net equivalent rate as follows.

$97%×99%=0.97×0.99=0.9603$

Compute the net price using the above formula as follows.

$Net price=799×0.9603=$767.2797≈$767.28$

Calculate the single equivalent rate as shown below.

$Single equivalent rate=1−0.9603=0.0397$

Compute the trade discount amount using the above formula as follows.

$Trade discount amount=799×0.0397=$31.7203≈$31.72$

Therefore, the net price equivalent rate is 0.9603, single equivalent discount rate is 0.0397, trade discount amount is $31.72 and the net price is $767.28.

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1. Given that h(t) = -5t + 3 t². A tangent line H to the function h(t) passes through the point (-7, B). a. Determine the value of ẞ. b. Derive an expression to represent the gradient of the tangent line H that is passing through the point (-7. B). c. Hence, derive the straight-line equation of the tangent line H 2. The function p(q) has factors of (q − 3) (2q + 5) (q) for the interval -3≤ q≤ 4. a. Derive an expression for the function p(q). b. Determine the stationary point(s) of the function p(q) c. Classify the stationary point(s) from part b. above. d. Identify the local maximum of the function p(q). e. Identify the global minimum for the function p(q). 3. Given that m(q) = -3e-24-169 +9 (-39-7)(-In (30-755 a. State all the possible rules that should be used to differentiate the function m(q). Next to the rule that has been stated, write the expression(s) of the function m(q) for which that rule will be applied. b. Determine the derivative of m(q)

Please help me organize the proof of the following theorem:

Answer 2

Question

Chapter 7, Problem 1ECP

To determine

The net price equivalent rate, single equivalent discount rate, trade discount and net price for the given data.

Expert Solution & Answer

Answer to Problem 1ECP

The net price equivalent rate is 0.9603, single equivalent discount rate is 0.0397, trade discount amount is $31.72 and the net price is $767.28.

Explanation of Solution

Given:

The list price is $799.

The chain discount is $3/1$ .

Formula used:

$Trade discount amount=List price×Single equivalent discount rate$

$Net price=List price× Net price equivalent rate$

Calculation:

The chain discounts are 3% and 1%.

Hence, the complement of 3% chain discount is $100%−3%=97%$ and the complement of 1% chain discount is $100%−1%=99%$ .

Calculate the net equivalent rate as follows.

$97%×99%=0.97×0.99=0.9603$

Compute the net price using the above formula as follows.

$Net price=799×0.9603=$767.2797≈$767.28$

Calculate the single equivalent rate as shown below.

$Single equivalent rate=1−0.9603=0.0397$

Compute the trade discount amount using the above formula as follows.

$Trade discount amount=799×0.0397=$31.7203≈$31.72$

Therefore, the net price equivalent rate is 0.9603, single equivalent discount rate is 0.0397, trade discount amount is $31.72 and the net price is $767.28.

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Answer 3

Question

Chapter 7, Problem 1ECP

To determine

The net price equivalent rate, single equivalent discount rate, trade discount and net price for the given data.

Expert Solution & Answer

Answer to Problem 1ECP

The net price equivalent rate is 0.9603, single equivalent discount rate is 0.0397, trade discount amount is $31.72 and the net price is $767.28.

Explanation of Solution

Given:

The list price is $799.

The chain discount is $3/1$ .

Formula used:

$Trade discount amount=List price×Single equivalent discount rate$

$Net price=List price× Net price equivalent rate$

Calculation:

The chain discounts are 3% and 1%.

Hence, the complement of 3% chain discount is $100%−3%=97%$ and the complement of 1% chain discount is $100%−1%=99%$ .

Calculate the net equivalent rate as follows.

$97%×99%=0.97×0.99=0.9603$

Compute the net price using the above formula as follows.

$Net price=799×0.9603=$767.2797≈$767.28$

Calculate the single equivalent rate as shown below.

$Single equivalent rate=1−0.9603=0.0397$

Compute the trade discount amount using the above formula as follows.

$Trade discount amount=799×0.0397=$31.7203≈$31.72$

Therefore, the net price equivalent rate is 0.9603, single equivalent discount rate is 0.0397, trade discount amount is $31.72 and the net price is $767.28.

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Answer 4

Question

Chapter 7, Problem 1ECP

To determine

The net price equivalent rate, single equivalent discount rate, trade discount and net price for the given data.

Expert Solution & Answer

Answer to Problem 1ECP

The net price equivalent rate is 0.9603, single equivalent discount rate is 0.0397, trade discount amount is $31.72 and the net price is $767.28.

Explanation of Solution

Given:

The list price is $799.

The chain discount is $3/1$ .

Formula used:

$Trade discount amount=List price×Single equivalent discount rate$

$Net price=List price× Net price equivalent rate$

Calculation:

The chain discounts are 3% and 1%.

Hence, the complement of 3% chain discount is $100%−3%=97%$ and the complement of 1% chain discount is $100%−1%=99%$ .

Calculate the net equivalent rate as follows.

$97%×99%=0.97×0.99=0.9603$

Compute the net price using the above formula as follows.

$Net price=799×0.9603=$767.2797≈$767.28$

Calculate the single equivalent rate as shown below.

$Single equivalent rate=1−0.9603=0.0397$

Compute the trade discount amount using the above formula as follows.

$Trade discount amount=799×0.0397=$31.7203≈$31.72$

Therefore, the net price equivalent rate is 0.9603, single equivalent discount rate is 0.0397, trade discount amount is $31.72 and the net price is $767.28.

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Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 5

Chapter 7, Problem 1ECP

To determine

The net price equivalent rate, single equivalent discount rate, trade discount and net price for the given data.

Expert Solution & Answer

Answer to Problem 1ECP

The net price equivalent rate is 0.9603, single equivalent discount rate is 0.0397, trade discount amount is $31.72 and the net price is $767.28.

Explanation of Solution

Given:

The list price is $799.

The chain discount is $3/1$ .

Formula used:

$Trade discount amount=List price×Single equivalent discount rate$

$Net price=List price× Net price equivalent rate$

Calculation:

The chain discounts are 3% and 1%.

Hence, the complement of 3% chain discount is $100%−3%=97%$ and the complement of 1% chain discount is $100%−1%=99%$ .

Calculate the net equivalent rate as follows.

$97%×99%=0.97×0.99=0.9603$

Compute the net price using the above formula as follows.

$Net price=799×0.9603=$767.2797≈$767.28$

Calculate the single equivalent rate as shown below.

$Single equivalent rate=1−0.9603=0.0397$

Compute the trade discount amount using the above formula as follows.

$Trade discount amount=799×0.0397=$31.7203≈$31.72$

Therefore, the net price equivalent rate is 0.9603, single equivalent discount rate is 0.0397, trade discount amount is $31.72 and the net price is $767.28.

Answer 6

Chapter 7, Problem 1ECP

To determine

The net price equivalent rate, single equivalent discount rate, trade discount and net price for the given data.

Expert Solution & Answer

Answer to Problem 1ECP

The net price equivalent rate is 0.9603, single equivalent discount rate is 0.0397, trade discount amount is $31.72 and the net price is $767.28.

Explanation of Solution

Given:

The list price is $799.

The chain discount is $3/1$ .

Formula used:

$Trade discount amount=List price×Single equivalent discount rate$

$Net price=List price× Net price equivalent rate$

Calculation:

The chain discounts are 3% and 1%.

Hence, the complement of 3% chain discount is $100%−3%=97%$ and the complement of 1% chain discount is $100%−1%=99%$ .

Calculate the net equivalent rate as follows.

$97%×99%=0.97×0.99=0.9603$

Compute the net price using the above formula as follows.

$Net price=799×0.9603=$767.2797≈$767.28$

Calculate the single equivalent rate as shown below.

$Single equivalent rate=1−0.9603=0.0397$

Compute the trade discount amount using the above formula as follows.

$Trade discount amount=799×0.0397=$31.7203≈$31.72$

Therefore, the net price equivalent rate is 0.9603, single equivalent discount rate is 0.0397, trade discount amount is $31.72 and the net price is $767.28.

Answer 7

Chapter 7, Problem 1ECP

To determine

The net price equivalent rate, single equivalent discount rate, trade discount and net price for the given data.

Answer 8

Expert Solution & Answer

Answer to Problem 1ECP

The net price equivalent rate is 0.9603, single equivalent discount rate is 0.0397, trade discount amount is $31.72 and the net price is $767.28.

Answer 9

Expert Solution & Answer

Answer 10

Expert Solution & Answer

Answer 11

Explanation of Solution

Given:

The list price is $799.

The chain discount is $3/1$ .

Formula used:

$Trade discount amount=List price×Single equivalent discount rate$

$Net price=List price× Net price equivalent rate$

Calculation:

The chain discounts are 3% and 1%.

Hence, the complement of 3% chain discount is $100%−3%=97%$ and the complement of 1% chain discount is $100%−1%=99%$ .

Calculate the net equivalent rate as follows.

$97%×99%=0.97×0.99=0.9603$

Compute the net price using the above formula as follows.

$Net price=799×0.9603=$767.2797≈$767.28$

Calculate the single equivalent rate as shown below.

$Single equivalent rate=1−0.9603=0.0397$

Compute the trade discount amount using the above formula as follows.

$Trade discount amount=799×0.0397=$31.7203≈$31.72$

Therefore, the net price equivalent rate is 0.9603, single equivalent discount rate is 0.0397, trade discount amount is $31.72 and the net price is $767.28.